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Debate House Prices
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House building surges
Jason74
Posts: 650 Forumite
Good news today via the BBC
http://www.bbc.co.uk/news/business-25982505
Of course, there are a number of different views on whether the current general rise in prices is a good thing, or whether it is sustainable. But, I'm sure that most of us agree that in much of the country at least, we simply don't have enough houses being built. Therefore this can only be seen as good news, and the London build rate being "the strongest for 25 years" is particularly pleasing.
At risk of sounding like Hamish, perhaps a :beer: is in order. This will probably be a short thread, as there's surely not much to add to this beyond "good" :T
http://www.bbc.co.uk/news/business-25982505
Of course, there are a number of different views on whether the current general rise in prices is a good thing, or whether it is sustainable. But, I'm sure that most of us agree that in much of the country at least, we simply don't have enough houses being built. Therefore this can only be seen as good news, and the London build rate being "the strongest for 25 years" is particularly pleasing.
At risk of sounding like Hamish, perhaps a :beer: is in order. This will probably be a short thread, as there's surely not much to add to this beyond "good" :T
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Comments
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Good.
:beer:
(And I did mention rising prices would bring a supply response)
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »Good.
:beer:
(And I did mention rising prices would bring a supply response)
You just couldn't resist a bit of "I told you so" could you ?
. There were of course other ways (albeit public sector led which some do not like) to produce the supply response without rising prices, but that's a discussion for another day / thread. I's Friday afternoon, so perhaps we should just enjoy the rare event that is news that surely everyone on the board will consider good.
Now, where's that :beer:0 -
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
From the article:
"Government initiatives such as Help to Buy have also contributed."
So all we need to do is for the taxpayer to prop up the HTB schemes for the next 25 years and we have cracked it.
I'm curious to know where the masses of low earners will be housed now that the Social Housing building has stopped but maybe I should take a leaf out of Hamishes book and think "F*ck em...
What could possibly go wrong?.As LM says "Gin and Tonics all round"0 -
HAMISH_MCTAVISH wrote: »(And I did mention rising prices would bring a supply response)
It's only on this forum that predicting a supply response to rising prices would be considered outlandish in the first place.0 -
It IS good news.
But it has to be noted that hitting records since 2007 shouldn't be hard.
It should also be noted that although the trend is looking good, it's not looking nearly good enough.
So yes, good news. But really we need to be breaking records going back much further over the past couple of decades to find really good news. We could do a lot better with some proper government intervention into what is still a huge problem....and I don't class HTB as that.0 -
Great news.
This may be a silly question, or a 'how long is a piece of string' sort of a question.
But how long does it take to build a house?
I guess it might be better to frame the question more generally as, when does a surge in building translate into new homes that people can actually move into?“I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse0 -
Graham_Devon wrote: »So yes, good news. But really we need to be breaking records going back much further over the past couple of decades to find really good news. We could do a lot better with some proper government intervention into what is still a huge problem....and I don't class HTB as that.
Jump in your time machine and go back 12 months. You will have been concerned about the imminent implosion of the Eurozone, rising costs of essentials, falling wages, zero hours, high house prices deterring buyers, land hoarding by builders preventing building etc.
So forgive me if I'm somewhat surprised to now find you think beating building records set since 2007 as an easy task.
You would never have predicted this in a million years.0 -
Jump in your time machine and go back 12 months. You will have been concerned about the imminent implosion of the Eurozone, rising costs of essentials, falling wages, zero hours, high house prices deterring buyers, land hoarding by builders preventing building etc.
So forgive me if I'm somewhat surprised to now find you think beating building records set since 2007 as an easy task.
You would never have predicted this in a million years.
Just no pleasing Devon.Official MR B fan club,dont go............................0 -
Well needed.0
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